Both Apple and Google (Alphabet) invest in research and development. Access each company’s 2017 income statement from Appendix A.
Required
1. Compute the ratio of research and development expense to net sales for Apple.
2. Compute the ratio of research and development expense to net sales for Google.
3. Which company spent more (as a percentage of net sales) on research and development?
Data from Apple’s
Data from Google’s
